NYC Commits $29.2M to NYU Quantum Lab in Exchange for IP Revenue Share

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New York City Mayor Zohran Mamdani has pledged $29.2 million to NYU's Quantum Fabrication Facility, or QFab, in Manhattan. The facility, scheduled to open in 2030, is backed by $284 million in total funding. Under the arrangement, the city would receive 15% of NYU's proceeds from intellectual property developed using city-funded tools, along with three seats on the advisory board. The lab is also expected to train students from CUNY and support more than 100 companies.

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